3,850 Shares in Sonic Automotive, Inc. (NYSE:SAH) Bought by SG Americas Securities LLC

SG Americas Securities LLC bought a new stake in Sonic Automotive, Inc. (NYSE:SAH) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,850 shares of the company’s stock, valued at approximately $244,000.

A number of other hedge funds have also made changes to their positions in SAH. AQR Capital Management LLC grew its stake in Sonic Automotive by 142.2% in the 2nd quarter. AQR Capital Management LLC now owns 29,755 shares of the company’s stock valued at $1,621,000 after acquiring an additional 17,472 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Sonic Automotive by 8.7% in the third quarter. Inspire Investing LLC now owns 7,036 shares of the company’s stock valued at $411,000 after purchasing an additional 561 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Sonic Automotive in the third quarter valued at approximately $1,244,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Sonic Automotive in the third quarter valued at approximately $532,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Sonic Automotive by 124.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 55,383 shares of the company’s stock worth $3,239,000 after purchasing an additional 30,731 shares in the last quarter. Hedge funds and other institutional investors own 46.92% of the company’s stock.

Sonic Automotive Trading Down 0.1 %

Shares of SAH opened at $74.92 on Friday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.35 and a current ratio of 1.11. Sonic Automotive, Inc. has a one year low of $47.82 and a one year high of $76.49. The stock has a 50-day moving average price of $67.46 and a 200 day moving average price of $62.07. The company has a market capitalization of $2.56 billion, a P/E ratio of 13.33 and a beta of 1.68.

Analysts Set New Price Targets

A number of equities research analysts have commented on SAH shares. Needham & Company LLC reiterated a “buy” rating and set a $74.00 target price on shares of Sonic Automotive in a report on Thursday, January 16th. Bank of America decreased their price objective on Sonic Automotive from $67.00 to $66.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Stephens raised shares of Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lowered their price target on Sonic Automotive from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Seaport Res Ptn raised Sonic Automotive from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $67.20.

About Sonic Automotive

Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.